Date Added: Jan 2010
If you're struggling to prioritize your financial decisions, you're not alone. Whether it's investing in technology or remodeling your office, it's essential to distinguish between priorities and preferences before purchasing big-ticket items. Making wise financial decisions can mean the difference between steady, long-term growth and quick, flash-in-the-pan failure. The biggest mistake that small business owners make is failing to understand their financial priorities. Divide your current assets by your current liabilities to determine your company's current debt ratio - a good indicator of how financially solid your business is.